Lexington-based Central Bank is upping its investment in the Catalytic Fund with a new commitment of $1 million.
The Catalytic Fund, a Community Development Financial Institution, is a private sector, not-for-profit entity that attracts quality place-based investments to Northern Kentucky that result in regional economic development and local community development.
Central Bank was one of the fund’s original investors, contributing $10 million in 2013. Since then, the Catalytic Fund’s total investment capital has increased to $29 million.
“Central Bank was one of the very first companies to invest in the Catalytic Fund when the organization was formed in 2008 and has been a steadfast partner supporting our ability to invest in high impact projects that have catalyzed Northern Kentucky’s urban renaissance,” Catalytic Fund CEO Jeanne Schroer said in a press release.
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